10.16 Nanxing Exclusive Analysis of Bitcoin Ethereum Market Analysis and Trends
According to data from previous years, Bitcoin usually has an "Uptober" market (Uptober refers to the rising market that occurred every October in the past). Last year, BTC rose by more than 30% in October. And then, there is the US election narrative and the expectation of the Fed's interest rate cut, and BTC is expected to return to 70,000.
From the daily line, the daily TD structure was not found. The trend change signal has stabilized and stopped falling, and there is no big news impact today.
The high selling caused by market sentiment has not risen.
The 66500-66900 range is the overbought area in the previous round, and the current market does show signs of recovery! The market outlook is mainly low and long!
Bitcoin enters the market at 66500-66900, and the upward trend is 68200-68400
Ethereum enters the market at 2580-2600, and the upward trend is 2650-2720
